Archive for the ‘Real Estate’ Category
Moving Overseas : French Properties
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France is a popular spot for owning an estate, whether it is a permanent establishment or vacation home. It is so popular because the it’s easy to get to, the weather is incomparable, and the type of lifestyle you want to live is within easy reach. So how exactly can you find french property, and what do you need to know before purchasing?
Research the regions of France for local weather and character, accessibility, prices, countryside and architecture. Real estate personnel, websites and the local visitor center can offer a wealth of information on the surrounding area.
A property fact finding mission is a good idea. Leave one of your weekends open in order to see the sights of your favorite regions and to look at properties. Make sure that you have meetings already set up with estate agents as well as an interpreter, if one is needed, before you go. This will save you time because a list of homes will be prepared and precious time will not be wasted looking at properties that are either out of reach or unsuitable.
When you find a piece of French estate you fancy, don’t obligate yourself to anything right away, especially if under pressure to endorse a contract. You must first acquire a structural survey and appraisal report. A proper survey may even reveal problems that enable you to negotiate a reduction in price. A bilingual attorny who is an expert in the French real estate market can provide counseling on contracts and French transference laws.
There are two main stages for purchasing a property. First you will have to sign a promissory purchase contract and you will be expected to place a deposit to hold the property; usually a percentage of the sale price.
The contract will be binding, subject to some formalities and conditions. The second stage is signing an acte de vente (deed of sale), when ownership of the property is transferred to you and the full amount of the purchase price is paid.